Brazil's Vale SA may find it easier to dispose of giant ships and part of its stake in a rail logistics business before selling mining assets, as the world's top iron ore producer looks to raise cash amid a price rout, according to four sources with knowledge of the situation.Struggling with a slump in iron ore prices, Vale presented a list to investors in December of nine possible options to raise cash. Of the options, only a coal joint venture with Japanese trading house Mitsui & Co Ltd has been announced so far.A number of the other eight options seem increasingly challenging as the risk associated with both Brazil and mining-related investments continue to mount, said three of the sources, who sought anonymity to speak freely about the matter.At this point, selling a group of giant ore carriers known as Valemaxes, and disposing of a part, or all, of a 43.8 percent stake in rail freight firm MRS Log�stica SA seem the best options for Vale, those sources said. Vale declined to comment.
Vale SA (Vale) is a Brazil-based metals and mining company. Shares of VALE fell by 1.033% or $-0.065/share to $6.22. In the past year, the shares have traded as low as $5.63 and as high as $15.59. On average, 28255800 shares of VALE exchange hands on a given day and today's volume is recorded at 14242765.
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